Ari Sharp is one of the lucky Australians who is not obsessed with house prices — her parents already own four properties that she knows she’ll inherit one day.
The 30-year-old single mother from Victoria can’t afford to buy her own home but knowing an inheritance is coming has eased the financial pressure.
“It’s taken the edge off the need for security in buying a house of my own, separate to whatever the rest of my family owns,” she told SBS News.
It has also given Ari the freedom to explore career paths that are not necessarily financially lucrative.
“I’ve had the freedom to explore things that I actually want to do,” she said.
Ari is one of many young Australians who feel increasingly locked out of the housing market and believe they may have to wait for their inheritance in order to own property. Many are openly discussing this possibility with their friends and family.
Analysis by University of NSW professor Hal Pawson found house prices in Australia had tripled between 1990 and 2020, while real earnings only increased by 50 per cent.